The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
New offshoring locations
Spain
245 jobs Number of planned job losses
Announcement Date
13 May 2005
Employment effect (start)
Foreseen end date
Description
Kildare manufacturing company Magna Donnelly Electronics is to make 245 people redundant. The company, which is one of the largest suppliers of mirrors to the European motor industry, is restructuring operations at its Co Kildare facility due to increasing pressure from lower-cost countries and from the euro/US dollar exchange rate. It intends to transfer part of its operation to facilities in North America and Spain.
Sources
14 May 2005: The Irish Times
Citation
Eurofound (2005), Magna Donnelly Electronics, Offshoring/Delocalisation in Ireland, factsheet number 61635, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61635.
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